Δελτίο Τύπου

Dragon Capital in its recently distributed Equity Research “Agriculture in Ukraine. Leading player in World Corn Trade” confirmed “Buy” recommendation and set a 12-month target price of PLN 23.21 (USD 7.05) per Milkiland N.V. share (48% upside).

This recommendation is based on theDragon’s positive financial outlook of the Group stemming from the launching in 2013 of a Polish cheese production plant “Ostrowia” acquired by Milkiland in July 2012, construction of dairy farms to increase self-sufficiency in raw milk. The influence of a temporary Russian cheese ban implemented by Rospotrebnadzor in February and then canceled in May 2012 for the results of the Group in the current year is also estimated in the Equity Research.